Software solutions to the decision-making problem

Article Abstract:

Computer technology can aid treasury finance professionals in making difficult decisions. Spreadsheet, linear programming, and decision modeling software can assist in evaluating performance, forecasting costs and benefits, and estimating the effects of a decision. Spreadsheet software can be used in calculating, and in creating and tabulating, weighted-average evaluation matrices. A flexible linear programming package, when kept up-to-date, can compare costs and identify areas of inefficiency. Decision-modeling systems, the newest software tool, use decision matrix analysis to help users define problems, identify criteria for decision making, analyze data, and evaluate the accuracy of a decision.

Decision-making, Decision making, Software, Executives

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Cash forecasting depends on full information and common sense, not high tech

Article Abstract:

Forecasting a company's cash position begins with determining the company's daily balances and developing methods to ensure that all transactions affecting these balances are promptly communicated to the chief financial officer (CFO). The more knowledge a CFO has about the company's products, business cycles, customer base and customer service policies, the more accurate the CFO's cash forecast will be. Despite trends throughout the financial management world toward highly sophisticated computer systems and statistical compilation methods with which to forecast cash position, the accurate cash forecast continues to reflect common sense, good logic and thorough knowledge of company operations.

Methods, Forecasts and trends, Cash management, Cash flow, Controllership

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